West Columbia Mixed-Use
For Sale
Contact for pricing
1101 Charleston Hwy, West Columbia, SC 29169
Mixed-use investment property with office and industrial spaces for sale.
Property Size9,200 SF
Price / SF$86.96
Days on Market1310
Property Features for 1101 Charleston Hwy
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
C2-General Commercial
Occupancy
20%
Investment Type
Value Add
Net Operating Income
$54,000
Building Details
Year Built
1970
Buildings
2
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Scott Davis, CCIM · License #7905
(803) 354-4061
Source:
Crexi
Added: Mar 20, 2023
Changed: Oct 14
Last Checked: Oct 16 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Realty
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Investment Insights
Based on property information with market context.
This mixed-use investment property is located in West Columbia and includes frontage on Charleston Highway. The property is currently used as office and industrial space. The location is in a rapidly growing area, as development progresses through West Columbia and Cayce. The property includes a commercial building with approximately 5,200 square feet of space, featuring upstairs office space. This office area contains 6 individual offices with individual leases. Behind this building is an industrial building with approximately 4,000 square feet of space, containing 5 bays occupied by the owner. The total property size is 9,200 square feet.
Key Highlights
- Mixed‑use property offering both office and industrial spaces.
- Value‑add investment opportunity in West Columbia.
- Located in a rapidly growing area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,093
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,381,860
$1.4M
Cap Rate 7%
$987,043
$987.0K
Cap Rate 9%
$767,700
$767.7K
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$87.2K $9.48/SF
− Vacancy
−$5.9K −$0.64/SF
EGI
$81.3K $8.84/SF
− OpEx
−$12.2K −$1.33/SF
NOI
$69.1K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,381,860
Cap Rate 7%
$987,043
Cap Rate 9%
$767,700
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.06M
NOI $123,358 @ 7.0% cap · market cap 15.42%
Second Best
Mixed Use
$1.36M
$1.19M – $1.59M
NOI $95,220 @ 7.0% cap · market cap 11.90%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,960 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use investment property with office and industrial spaces for sale.
Where is this mixed-use property located?
The property is located at 1101 Charleston Hwy West Columbia, SC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Mixed‑use property offering both office and industrial spaces.; Value‑add investment opportunity in West Columbia.; Located in a rapidly growing area.
